Hi traders,
not so much on my radar today, but i still want to share one of my short term analysis.
As i've explained in the attached analysis USDCAD was at a decision point this week; now it seems to have decided to go up, this is easily understandable from my chart: we have two consecutive break of structure to the upside.
This is enough to call it a bullish trend. Now we know from our bigger analysis that we have potential a good amount of pips until the next important level is reached, and so we want to be involved as soon as the market gives us an opportunity.
For my personal trading style, i want to have always a minimum of 1:1 Risk to Reward, so i've outlined a box in wich i'll be interested in long opportunities.
Besides, if you are a pattern trader, there's also a cypher pattern waiting for completion.
Let's see how it goes.
If you want to share your idea, don't hesitate to comment.
Otherwise, see you in the next chart.
not so much on my radar today, but i still want to share one of my short term analysis.
As i've explained in the attached analysis USDCAD was at a decision point this week; now it seems to have decided to go up, this is easily understandable from my chart: we have two consecutive break of structure to the upside.
This is enough to call it a bullish trend. Now we know from our bigger analysis that we have potential a good amount of pips until the next important level is reached, and so we want to be involved as soon as the market gives us an opportunity.
For my personal trading style, i want to have always a minimum of 1:1 Risk to Reward, so i've outlined a box in wich i'll be interested in long opportunities.
Besides, if you are a pattern trader, there's also a cypher pattern waiting for completion.
Let's see how it goes.
If you want to share your idea, don't hesitate to comment.
Otherwise, see you in the next chart.
